Zhihu (NYSE:ZH) Shares Down 1.9% – Here’s What Happened

Zhihu Inc. Sponsored ADR (NYSE:ZH)’s share price traded down 1.9% during trading on Thursday . The stock traded as low as $3.23 and last traded at $3.2750. Approximately 150,939 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 168,375 shares. The stock had previously closed at $3.34.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZH. Wall Street Zen raised shares of Zhihu from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zhihu in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Zhihu Trading Down 0.2%

The company has a fifty day moving average of $3.15 and a 200-day moving average of $3.28. The stock has a market cap of $290.53 million, a PE ratio of -9.10 and a beta of 0.26.

Zhihu (NYSE:ZH) last announced its earnings results on Friday, May 15th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $94.50 million for the quarter. Zhihu had a negative net margin of 7.25% and a negative return on equity of 4.83%.

Institutional Investors Weigh In On Zhihu

A hedge fund recently bought a new position in Zhihu stock. Ramsey Quantitative Systems purchased a new stake in Zhihu Inc. Sponsored ADR (NYSE:ZH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 53,846 shares of the company’s stock, valued at approximately $169,000. Zhihu accounts for approximately 0.2% of Ramsey Quantitative Systems’ holdings, making the stock its 25th largest holding. Ramsey Quantitative Systems owned approximately 0.06% of Zhihu as of its most recent SEC filing. Institutional investors own 28.92% of the company’s stock.

About Zhihu

Zhihu is China’s leading online question-and-answer platform, providing a space where users can ask questions, share knowledge, and engage with content across science, technology, business, culture, and lifestyle. Founded in 2011 and headquartered in Beijing, Zhihu has cultivated a community-driven environment that emphasizes credible, in-depth answers from experts, professionals, and enthusiasts.

The company’s core service revolves around its Q&A platform, enabling registered users to post questions and receive comprehensive responses.